Author: News Desk
Ed-tech startup TutAR got selected as one of 15 startups to represent India at VivaTech.V ivaTech is Europe’s biggest innovation, start-up and tech event held annually in Paris, France. VivaTech was held from 15th June 2022 to 18th June 2022 in Paris, France. CEO and Founder of TutAR app, Mr Thomson Tom attended the conference and exhibited the TutARverse. He got a chance to demonstrate in front of eminent personalities like Sameer Nigam(CEO and Co-founder of PhonePe), H E Jawed Ashraf (Indian Ambassador for France). India has been Selected as the Country of the Year. It was the first time …
SEBI has imposed a penalty of ₹30 lakh on Reliance Industries (RIL) and its two compliance officers. For allegedly violating fair disclosure norms over the Facebook-Jio deal. In April 2020, Meta’s Facebook invested $5.7 billion in Reliance’s Jio Platforms. SEBI said Reliance did not disclose the deal even after newspaper reports in March 2020. SEBI said it was “incumbent” on Reliance to provide “due clarification on its own” once it knew about the “selective availability” of the information. It imposed a penalty of 3 million Indian rupees ($38,522).
Indian Oil Corp launches ‘Surya Nutan’. It is a kitchen-connected indoor solar cooking system. Surya Nutan is rechargeable and comes in three models. The price ranges from Rs 12,000 to Rs 23,000.The stove has a 10-year life with no maintenance. It can be used in all seasons.The solar panel has a 25-year life. The company will reach out to customers via its LPG network.
IKEA plans to increase local sourcing to 50% in the coming years. Said Susanne Pulverer, Chief Executive Officer of IKEA India. IKEA started business in India in 2018. Its first store was in Hyderabad. Later, it launched stores in Mumbai and Bengaluru. It plans to open more stores in Bengaluru. Susanne said India is an important market for IKEA. So far, close to 100 mn Indians visited IKEA.
Anil Ambani is a popular name in the Indian business. Son of well-known entrepreneur Dhirubhai Ambani and brother of billionaire Mukesh Ambani, Anil’s entrepreneurial journey has been a roller coaster. Today, he is cited as an example of riches to rags. Let us have a look at his life and career. Born on June 4, 1959, to Kokilaben and Dhirubhai Ambani, he completed his graduation in Physics and Electrical Engineering at the Scottish Church College in Calcutta. He did his post-graduation at Stanford University. Back when after inheriting his wealth from his father, Anil Ambani was the sixth richest person…
Mamaearth to raise around $300 million in a planned IPO in the next 12-15 months. It is seeking a valuation of around $3 billion. The Sequoia Capital-backed Indian skincare startup was last valued at $1.2 billion in January 2022. It plans to file draft regulatory papers by the end of 2022. The firm is reportedly in talks with JP Morgan Chase, India’s JM Financial and Kotak Mahindra Capital to appoint them as bookrunners to the deal.
Telegram Premium is now available in India The premium subscription is priced at around ₹460 per month Access the premium feature by following these steps Step 1: Open the Telegram app on your smartphoneStep 2: Go to Telegram SettingsStep 3: Tap the ‘Telegram Premium’ optionStep 4: A screen with Premium features pops up. Click on ‘Subscribe for ₹460.00 per month’Step 5: After payment, you will be able to access Telegram Premium features
Initial Public Offering (IPO) has become a norm in the startup industry these days. Every startup founder tries to hit that milestone. However, N.R. Narayana Murthy, the founder of Infosys, thinks otherwise. According to him, startup founders must not see IPOs as alternative funding just because they face pressure from venture capitalists to succeed as early as possible. In his opinion, IPOs come with a huge responsibility. Investors always expect an increase in stock price. These days, entrepreneurs face pressure from venture capitalists and early supporters to maximise their returns. But having IPO is not fun, he cautions. He also…
Lately, the Indian government had said that 5G deployment will occur by the end of this year. However, it seems that the government’s ban on telecom gear made in China would sabotage the launch. Earlier, the National Security Council Secretariat (NSCS) had given a waiver that had allowed Orginal Equipment Manufacturers (OEM) to import network equipment from its Chinese factories. Telecom operators and non-Chinese network equipment vendors are in trouble now as the waiver expired on June 15. If the NSCS does not extend the waiver, the introduction of 5G will be hampered. In the current scenario, top European and…
SaveIN has partnered MyKare Health to expand its care now pay later offerings across India. SaveIN is a Buy now pay later platform for healthcare. MyKare Health is a tech-enabled, full-stack and asset-light healthcare chain comprising of small and medium size hospitals. Through this partnership, SaveIN would be able to extend its paperless instant checkout finance for standardized and elective healthcare procedures across the network hospitals of MyKareHealth. “We are happy to partner with SaveIN and leverage their class leading, embedded finance solution for our rapidly growing customer base.” Senu Sam, founder & CEO, MyKare Health said. Customers can visit…